[177 Pages Report] The SATCOM equipment market was valued at USD 18.63 Billion in 2016 and is projected to reach USD 30.32 Billion by 2022, at a CAGR of 8.46% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

Objective of the Study:

The objective of this study is to define, describe, and forecast the SATCOM equipment market and map the segments and subsegments across major regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and Latin America; as well as to analyze the market and market statistics from 2017 to 2022.

On the basis of product, the SATCOM equipment market has been segmented into SATCOM receiver, SATCOM transmitter/transponder, SATCOM transceiver, SATCOM antenna, SATCOM modem/router, and others. On the basis of vertical, the market has been segmented into government & defense and commercial. Based on end-use, the SATCOM equipment market has been segmented into portable SATCOM equipment, land mobile SATCOM equipment, maritime SATCOM equipment, airborne SATCOM equipment, and land fixed SATCOM equipment. On the basis of technology, the SATCOM equipment market has been segmented into SATCOM VSAT, SATCOM telemetry, SATCOM AIS, SATCOM-on-the-Move, SATCOM-on-the-Pause, and others.

The report provides in-depth market intelligence regarding market dynamics and major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the SATCOM equipment market, along with analyzing micromarkets with respect to individual growth trends, prospects and their contribution to the SATCOM equipment market. The report also covers competitive developments, such as long-term supply contracts, joint ventures, mergers, new product launches & developments, and research & development activities in the SATCOM equipment market, in addition to the business and corporate strategies adopted by key market players.

Research Methodology:

The research methodology used to estimate and forecast the SATCOM equipment market begins with obtaining data on revenue of key SATCOM equipment providers through secondary sources, such as news articles and journals/magazines, including World Satellite Magazine, Via Satellite Magazine, AFCEA International, SatMagazine, and The Provision of Satellite Broadband Services in Latin America and the Caribbean published by International Telecommunications Satellite Organization, among others.

The bottom-up and top-down procedures were employed to arrive at the global SATCOM equipment market size from the revenues of key market players. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with market experts, such as CEOs, VPs, directors, and executives. These data triangulation and market breakdown procedures were employed to complete the overall SATCOM equipment market size engineering process and arrive at the exact statistics for all segments and subsegments. Breakdown of profiles of primaries is depicted in the figure below:

The ecosystem of the SATCOM equipment market comprises manufacturers, suppliers, and technology support providers. General Dynamics Corporation (US), Cobham Plc (UK), Harris Corporation (US), Viasat (US), and L3 Technologies (US) are some of the established market players. These leading players offer advanced technology systems, products, and services. They also provide a broad range of management, engineering, technical, communications, and information service capabilities.

Target Audience

Component Providers

Original Equipment Manufacturers

Subsystem Manufacturers

Ministry of Defense

Technology Support Providers

Scientific Research Centers

“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

This research report categorizes the SATCOM equipment market into the following segments and subsegments:

SATCOM Equipment Market: By Product

SATCOM Receiver

SATCOM Transmitter/Transponder

SATCOM Transceiver

SATCOM Antenna

SATCOM Modem/Router

Others

SATCOM Equipment Market: By Vertical

Government & Defense

Commercial

SATCOM Equipment Market: By End-Use

Portable SATCOM Equipment

Land Mobile SATCOM Equipment

Maritime SATCOM Equipment

Airborne SATCOM Equipment

Land Fixed SATCOM Equipment

SATCOM Equipment Market: By Technology

SATCOM VSAT

SATCOM Telemetry

SATCOM AIS

SATCOM-on-the-Move

SATCOM-on-the-Pause

SATCOM equipment market: By Region

North America

Europe

Asia Pacific

Middle East & Africa (MEA)

Latin America

Available Customizations:

Along with market data, MarketsandMarkets offers customizations as per the specific needs of a company. The following customization options are available for the report:

The SATCOM equipment market is estimated to be USD 20.20 Billion in 2017 and is projected to reach USD 30.32 Billion by 2022, at a CAGR of 8.46% from 2017 to 2022. Factors such as increasing need for uninterrupted communication in various industries and growing fleet of autonomous and connected vehicles have garnered the interest of satellite manufacturers and related players in the satellite industry, subsequently driving the growth of the SATCOM equipment market.

The satellite industry has been witnessing remarkable growth in the past two decades. The growth of this industry, fueled by the access to satellite technology by private players, subsequently drives the SATCOM equipment market. Furthermore, shorter development cycle and lesser cost of development have triggered the growth of satellite antennas, which constitute a major part of the SATCOM equipment market.

The telecom & IT segment of the commercial SATCOM equipment market is estimated to capture the largest share during the forecast period. Satellites can provide global, ubiquitous, and multipoint communications. Not surprisingly, the satellite technology has become a flexible and cost-effective solution for domestic and international networks, irrespective of the user’s geographic location. Wireline and wireless lack this ability to leap across continents and oceans, often linking some of the world’s most remote spots. The benefits of satellite communications have steadily expanded their usage. Today, satellites’ diverse purposes encompass wide area network communication, cellular backhaul, Internet trunking, television broadcasting, and rural telephony. Satellites are also on the frontiers of such advanced applications as telemedicine, distance learning, Voice over Internet Protocol (VoIP), and video on demand (VoD). All the above-stated factors contribute toward the growth of the SATCOM equipment market.

Based on end-use, the maritime SATCOM equipment segment is estimated to hold the largest share of the SATCOM equipment market in 2017. As commercial and naval vessels are at sea for long periods, they require robust satellite communication systems to maintain contact with shore under any weather and sea conditions. Maritime satellite communication systems also deliver the best turnkey terminals for internet access and television reception.

The Asia Pacific SATCOM equipment market is expected to witness the highest CAGR, owing to the increased use of satellite antennas in automobiles in the region. With recent space exploration missions by space agencies, such as Indian Space Research Organization (India) and China National Space Administration (China), the SATCOM equipment market has witnessed significant growth in the Asia Pacific region.

Companies operating in the SATCOM equipment market are focused on developing technologically advanced equipment for various applications, including telecommunication, automotive, Earth observation, and scientific research. These companies are also engaged in research activities to develop miniature systems that can perform efficiently in complex environments.

Factors such as radio spectrum availability issues, cyber security concerns, and high satellite service costs are expected to hinder the growth of the SATCOM equipment market.